Scandinavia: Wire And Cable Market 2025

Wire And Cable Market Size in Scandinavia

In 2021, the Scandinavia wire and cable market decreased by -51.5% to $X, falling for the second year in a row after four years of growth. Overall, consumption continues to indicate a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wire And Cable Production in Scandinavia

In value terms, wire and cable production fell markedly to $X in 2021 estimated in export price. In general, production saw a deep contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Wire And Cable Exports

Exports in Scandinavia

Wire and cable exports soared to X tons in 2021, growing by 30% compared with 2020. Total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +37.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 30% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wire and cable exports skyrocketed to $X in 2021. Total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Sweden (X tons) represented the main exporter of insulated wire and cable, mixing up 61% of total exports. Finland (X tons) took the second position in the ranking, followed by Norway (X tons). All these countries together took near 39% share of total exports.

Sweden was also the fastest-growing in terms of the insulated wire and cable exports, with a CAGR of +2.3% from 2012 to 2021. Finland and Norway experienced a relatively flat trend pattern. While the share of Sweden (+3.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-1.7 p.p.) and Norway (-2 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest wire and cable supplier in Scandinavia, comprising 64% of total exports. The second position in the ranking was taken by Norway ($X), with a 21% share of total exports.

In Sweden, wire and cable exports increased at an average annual rate of +2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (+0.9% per year) and Finland (+0.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.5%), while the other leaders experienced mixed trends in the export price figures.

Wire And Cable Imports

Imports in Scandinavia

Wire and cable imports amounted to X tons in 2021, increasing by 5% compared with the year before. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 7.5%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, wire and cable imports surged to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) and Norway (X tons) were the largest importers of insulated wire and cable in Scandinavia, together accounting for approx. 74% of total imports. It was distantly followed by Finland (X tons), mixing up a 26% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +3.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported insulated wire and cable in Scandinavia, comprising 54% of total imports. The second position in the ranking was taken by Norway ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +5.6%. In the other countries, the average annual rates were as follows: Norway (+2.4% per year) and Finland (+2.9% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 19% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform